From the FrumForum by David Frum: "Republican favorability has dropped 7 points with the general public since September 2010, with the steepest portion of the drop occuring during the debt-ceiling debate last summer.
But in congressional districts where the tea party is strong, Republican support has dropped further, by 10 points.
And while overall GOP numbers are stronger in those tea party districts, even there, the unfavorables are higher than the favorables, 48 unfavorable to 41 favorable."
The Great Recession cum Great Depression II a/k/a the George W. Bush Effect. Americans continue to suffer, income is down, deprivation and poverty are up. Yet there remain some who might vote Republican this year and next? The decline of the Roman Empire was somewhat attributed to lead tainted drinking cups. The decline of America can be largely attributed to the stupid who think tea means something.
The NYT warns of catastrophe in Europe - but how will it hit in the US? Certainly it will have impact but today, as in WW II, the barrier of the Atlantic will soften if not entirely prevent the blow. The global economies are interdependent, but our nation's economy is or has a quicker capacity to be come self sufficient. From energy to agriculture to manufacturing -- it's all here. If the global economy is to fail, the American economy is poised to pick up the pieces.
Republicans and tea partiers lament our current fiscal catastrophe and note their frustration at what they might do about those issues. But Republicans and conservatives have done a lot!
By January 2009 conservatives, Goober W and Republican failed fiscal policies had delivered 7.8 percent unemployment, a 6500 point stock market, a CBO projected (on 1/8/2009) fy 2009 $1.2 trillion deficit (that means they added $6.5 trillion to the national debt 2001-fy 2009); the greatest drop in tax revenue since the Great Depression; failed banks and manufacturing; decimation of the housing market and record foreclosures — and they even managed to lend $9 trillion to the very Wall Street entities that helped in creating the disaster. Republicans have done quite enough.
Warren Buffett disagrees with S&P. Bloomberg News Reports, "The U.S., which was cut Aug. 5 to AA+ from AAA at S&P, merits a “quadruple A” rating, Buffett, 80, said yesterday in an interview with Betty Liu at Bloomberg Television."
But remember, S&P has downgraded. Fitch and Moody's have not. S&P seems driven by Tea Party logic which means, quite simply, no logic applied at all. The goal seems to be anything to negatively effect Barack Obama's re-election prospects.